Financial Asset's share has risen 60.95% in the last five years

Mumbai, Ta. October 17, 2019, Thursday

In the last five years, the share of financial assets transferred from physical assets to financial assets by individual investors has increased by 8.5%. As stated in the Wealth Report, submitted by Carvy Private Wealth.

According to the data presented in the tenth edition of this report, wealth growth has accelerated in the last few years and personal wealth in India increased by 5% to Rs. 1 lakh crore has been covered. This growth was mainly due to the impressive growth of financial assets of 5.7%, compared to growth of physical assets of 9.5%.

Direct equity has continued to serve as a key part of Investor Wealth and has maintained its top position with a growth rate of 5.5%. Other well-known assets involved in good growth are mutual funds, pension funds, alternative investments and internal assets.

In financial year 5-7, personal assets in financial assets increased by 5.5 percent and increased to Rs. 1 lakh crore which is Rs. 5 lakhs. As of last year, the top five mediums for investment allocation are Direct Equity, Fixed Deposit, Insurance, Savings Account and Cash, which together account for 5% of all financial assets.

Given the current trend, the number of HNIs in the country is likely to grow to 5 million in the next five years. Physical assets in total personal assets in the current financial year are Rs. 8.5 lakh crore.

India's total personal wealth in the financial year 6-8, at a CAGR of 8.5%, achieved a growth rate of Rs. It is estimated that it will cover 1 crore.

Which is currently Rs. 1 lakh crore. The allocation in financial assets was estimated at 8.5% while in physical assets the allocation was 8.5%.